Pimco's Gross sees credit crunch worsening
NEW YORK (Reuters) - Pimco's Bill Gross said on Monday the global credit crunch will deteriorate further after Lehman Brothers' LEH.N filed for bankruptcy protection stemming from mortgage-related losses.
"It continues to get worse," Gross told CNBC television. Gross is chief investment officer of Pacific Investment Management Co, which oversees more than $812 billion in assets.
(Reporting by Richard Leong; Editing by James Dalgleish)
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